The Employees Provident Fund (EPF) is keen to buy some government-owned prime land in the Klang Valley if the price is fair according to the deputy chief executive officer of investment.
It was reported that in November Deputy Prime Minister Datuk Seri Najib Tun Razak had announced that the Government wanted to develop its land in several strategic locations in the city, including about 204 acres near Jalan Cochrane, Kuala Lumpur.
The report also said property consultants had valued the land near Jalan Cochrane at RM100 to RM200 psf. They said the high commercial value was due to its prime location.
The EPF’s strategy was always looking at long-term investments in order to give higher returns to its members, he said, adding: “We are dealing with pensioners’ money. Of course we have to be careful with the risks involved in any investment. If we need to wait, we will wait until the right time to invest.”
Of the current RM330bil of funds it was managing now, he said 2% would be allocated for property investment.
Better do proper research and get expert advise on this kind of investment. It's because they are dealing with our old days saving. Many people including me are depending on this fund for our old day usage.
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